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	<title>shareholdersunite.com &#187; FUQI</title>
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	<description>Opportunities in smallcaps</description>
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		<title>Some more on the Fuqi fall-out</title>
		<link>http://shareholdersunite.com/2010/03/23/fuqi-7/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fuqi-7</link>
		<comments>http://shareholdersunite.com/2010/03/23/fuqi-7/#comments</comments>
		<pubDate>Tue, 23 Mar 2010 04:00:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/03/23/fuqi-7/</guid>
		<description><![CDATA[&#8220;It should be noted that Fuqi met all of these criteria and yet these accounting errors slipped by its auditors, its audit committee, institutional investors, research analysts and investment bankers &#8212; all of them! Clearly, these events are often almost impossible to foresee.&#8221;&#160;&#160;&#160;&#160; No, that&#8217;s not us talking&#8230;All bets are still off as far as [...]]]></description>
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		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Should we have seen the Fuqi disaster?</title>
		<link>http://shareholdersunite.com/2010/03/18/fuqi-restatements/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fuqi-restatements</link>
		<comments>http://shareholdersunite.com/2010/03/18/fuqi-restatements/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 16:07:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/03/18/fuqi-restatements/</guid>
		<description><![CDATA[Difficult to argue, but perhaps.. 1) We&#8217;re not accountants, we work on the assumption that they do a good enough job most of the time. They didn&#8217;t here. Inventory valuation seems a pretty basic task to us and even that they couldn&#8217;t get right. Other people wonder about that too. 2) The ODM business (&#8220;Original [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Drama at Fuqi International</title>
		<link>http://shareholdersunite.com/2010/03/17/fuqi-earnings-restatements/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fuqi-earnings-restatements</link>
		<comments>http://shareholdersunite.com/2010/03/17/fuqi-earnings-restatements/#comments</comments>
		<pubDate>Tue, 16 Mar 2010 23:32:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/03/17/fuqi-earnings-restatements/</guid>
		<description><![CDATA[Well, this is a bit of a mess&#8230;. We wondered for a long time why these shares are so cheap. We went over the latest analyst reports in a most meticulous fashion, and there was nothing. Absolutely nothing. We revisited the situation last week, and we still couldn&#8217;t find much reason for the low price. [...]]]></description>
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		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Fuqi sell-off provides a new chance of loading up</title>
		<link>http://shareholdersunite.com/2010/03/13/fuqi-international-4/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fuqi-international-4</link>
		<comments>http://shareholdersunite.com/2010/03/13/fuqi-international-4/#comments</comments>
		<pubDate>Sat, 13 Mar 2010 21:33:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/03/13/fuqi-international-4/</guid>
		<description><![CDATA[There really isn&#8217;t much reason to worry&#8230;.We think that there are numerous reasons for a rather large upgrade in 2010 earnings estimates once the Q4 figures are out. The shares are a steal. China&#8217;s retail sales were up by 15.5% in 2009. Real (inflation-adjusted) retail sales growth was even higher, at 16.9%. And it seems [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fuqi International is finally marching higher</title>
		<link>http://shareholdersunite.com/2010/03/10/fuqi-international-3/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fuqi-international-3</link>
		<comments>http://shareholdersunite.com/2010/03/10/fuqi-international-3/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 16:50:12 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/03/10/fuqi-international-3/</guid>
		<description><![CDATA[This was always a ticking time bomb. Selling jewellery in the rapidly expanding market and having a p/e around 8 and having no debt never really made any sense to us&#8230;We always argued that fundamentally there is nothing wrong with this company. The only thing we could think of is that they&#8217;re slightly cash-flow negative, [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>China may revalue sooner rather than later</title>
		<link>http://shareholdersunite.com/2010/03/08/renminbi-revaluation/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=renminbi-revaluation</link>
		<comments>http://shareholdersunite.com/2010/03/08/renminbi-revaluation/#comments</comments>
		<pubDate>Mon, 08 Mar 2010 15:45:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[CFSG]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/03/08/renminbi-revaluation/</guid>
		<description><![CDATA[We already mentioned this a couple of days ago. Very positive for everybody, especially holders of companies that thrive in the domestic Chinese market, like China Fire (CFSG) and Fuqi International (FUQI).. China Gives Signs It May Allow Yuan AppreciationMonday, 08 Mar 2010 09:09 AM China faces mounting pressure from trading partners to loosen currency [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The first move on China&#8217;s currency</title>
		<link>http://shareholdersunite.com/2010/03/07/china-revaluation-2/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=china-revaluation-2</link>
		<comments>http://shareholdersunite.com/2010/03/07/china-revaluation-2/#comments</comments>
		<pubDate>Sun, 07 Mar 2010 16:45:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/03/07/china-revaluation-2/</guid>
		<description><![CDATA[We say, the Chinese currency can only go up providing an extra boost to the shares of those Chinese smallcaps which earn in that currency&#8230;Fuqu International would benefit enormously from the inevitable yuan appreciation as it sells in yuan but buys in dollars (gold). After a long silence from Chinese authorities, the first noises become [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Two break-out situations</title>
		<link>http://shareholdersunite.com/2010/03/05/fuqi-cfsg/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fuqi-cfsg</link>
		<comments>http://shareholdersunite.com/2010/03/05/fuqi-cfsg/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 18:23:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[CFSG]]></category>
		<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/03/05/fuqi-cfsg/</guid>
		<description><![CDATA[One is already out with stellar figures, the other one not yet but it is breaking out nevertheless. About time&#8230; We&#8217;ve written much about Fuqi International (see here and here), but now the shares are breaking out. We don&#8217;t expect the party to get really going until they present quarterly figures and outlook at the [...]]]></description>
		<wfw:commentRss>http://shareholdersunite.com/2010/03/05/fuqi-cfsg/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Exciting technical times for Fuqi International</title>
		<link>http://shareholdersunite.com/2010/02/26/fuqi-international-2/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fuqi-international-2</link>
		<comments>http://shareholdersunite.com/2010/02/26/fuqi-international-2/#comments</comments>
		<pubDate>Fri, 26 Feb 2010 15:04:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/02/26/fuqi-international-2/</guid>
		<description><![CDATA[There is no fundamental news, but we&#8217;re watching the chart like hawks. Today could be a crucial day&#8230;Fuqi International (FUQI) is a Chinese designer, wholesaler and retailer of jewellery. It&#8217;s fundamentals are very sound, as one might expect in the burgeoning Chinese consumer market. We have set that out in fundamental pieces, for instance here. [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>You can&#8217;t make this stuff up..</title>
		<link>http://shareholdersunite.com/2010/02/05/fuqi-6/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fuqi-6</link>
		<comments>http://shareholdersunite.com/2010/02/05/fuqi-6/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 19:05:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FUQI]]></category>

		<guid isPermaLink="false">http://shareholdersunite.com/2010/02/05/fuqi-6/</guid>
		<description><![CDATA[A company this cheap, can it get any more crazy? Fuqi International, a Chinese jewlery designer, manufacturer, wholesaler and increasingly retailer: is depending completely on the growth of the Chinese domestic market. It has no exposure to other economies, zero. The Chinese economy as a whole is growing at 10% a year while the retail [...]]]></description>
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		<slash:comments>2</slash:comments>
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